According to the last figures published February 17^th by Agence France Trésor, the rate of the French 10 years bond has overpassed the 3% level for the first time since the euro crisis. The accommodative policy of the European Central Bank chaired at that time by Mario Draghi to save the States-members currency had generated an interests rates fall concerning all maturities. Inflation went near 0% to the point that the Frankfort institution had adopted as its objective, not anymore to fight against inflation but to the contrary to make it rebounding to reach a level near but ...

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The long-term interest rates increase is going on in France. The 10 years State bond showed September 23^rd a 2.49% return. The move is a general one in the Western world and it results from the adoption by the central banks of more restrictive monetary policies in order to fight against inflation. The Federal Reserve has just increased its basis rate by 0.75% for the third time to put it at 3%, which was forecast, and has announced, which was less expected, new significant increases in a near future. Inflation has reached year-on-year 8.3% in August ...

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It is frequently said we must not be guided by fear. But is it a good manner to govern to frighten the people of your country? In a few days, we have just had two declarations of high public officials about the dangers for the public finances the increase of interest rates and  inflation represent on the charges generated by the country indebtedness. They included catastrophic numbers without any link with reality. The non-expressed objective was, of course, to make a pressure on the opinion in order to stop to be in favor of wages and social benefits increases to ...

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